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Once again, the above video link provides an overview
referencing current stock market conditions relative to similar
past readings. This would be most relevant for position
investors (such as retirement accounts) to monitor on a weekly
This is NOT a
forecast just data points at this time. Continue to keep an
open mind and respect the message of the market.
Markets are fluid and subject to change as we all know - key is
to establish a methodology that fits with your beliefs. You
can also incorporate a hybrid approach with your portfolio by
position investing certain funds for longer term (accepting
volatility until EVIDENCE changes) and dedicating other funds to
short term trading. Those are decisions for each individual.
If you have yet to formalize an investing/trading approach
please take some time to formalize a template - you can always
adjust but it's best to have something in place. From there,
you should formulate a PLAN that entails your objectives.
Once a plan is in place, then you can refine down to which
specific securities you want to invest and/or trade. This is
a TOP DOWN approach that should be enacted PRIOR to looking for
trades. Just like a Football team(or any sports team) - the
General manager has a vision/approach on how he/she wants to build
a team. Then he/she hires a coach to devise a scheme around those
players to maximize their talents. Next, the coach puts
into place a weekly game plan (making necessary adjustments) before
finally selecting specific plays.
How does BPT come into this picture? Think of BPT like a
consultant/assistant coach who helps to make your job easier
along the way. We provide daily analysis of several markets
which helps to provide some guidance as to how we see things.
We also spend a considerable amount of time providing tips
and educational examples to help execute you plan. Think of
the DVT approach for swing trades and the nightly discussion of
charts involving patterns and candlesticks, etc. We
also scan for and offer trade suggestions (ideas) that we believe
are valid setups and we take time to review the triggered setups in
the following days. Partake in only the ideas that fit into
your plan and simply ignore ones that don't. Finally, we
spend time posting relevant comments and numerous charts every day
in the trading community relating to what transpiring during that
trading session and updating trade ideas.
Steve, how does one access the "Ciovacco Historical
Perspective Charts?" I would imagine you need to be a
He puts out a weekly video via Twitter on Friday Night
Hi Matt/steve, is today highly likely to be a trend day?
I'm under the weather stomach issues and feeling a bit
Good luck kicking the bug, Matt.
GDX - Chart Link- to me all GDX has had is an
abc bounce back to resistance
GDX - Chart Link- could be a place for it start
After reading Adam Hamilton, is there a way to display, 1.5MA200
and .85MA200 on Stock charts?
if my memory is good this occurred earlier this summer
again I would suggest you watch the video from this morning and
read my update below.
I'll go ahead and market it confirmed today. On the 120 min side
the indicators have not all confirmed fully yet
short term though market is extended and the VIX being up today
maybe get a small pullback tomorrow.
is the kiss system ready for blast off?
MESO daily wish i had seen this earlier...
regarding the KISS stuff - again like I discussed in that video
I made earlier today and on the weekend newsletter. I think
the DVT exits are great for the SPX at getting you out and
protecting you from sharp corrections. However the system in most
cases needs a good move off the lows before it goes back long
(unless you have one of those very rare exhaustion cases where the
system can buy a 1 day reversal off the lows, which I would not
count on as they are very rare. If you follow the DVT Exits
last Thursday morning the SPX was 290 points below the 3490 DVT
exit. I mean one should think about it in terms of I just
saved 290 SPX points, therefore if I see a trigger on my side to go
long early, even if it's wrong just saved 290 SPX points.
another idea would be to use the SPY reversion to mean trades to
get back in. This means you would have bought in last week the
first entry and then the 2nd entry on Thursday at the lows. Now
assuming the KISS daily system goes back long today you are already
long EARLY by the SPY reversion to mean systems and can simply just
hold by the KISS if that was your style.
the point is be open, a lot of ways to skin the cat
Yes that is definitively something to monitor. Many times
you get a pullback the next day on days when both the market and
VIX both closed out
+500 and VIX Positive?
Sold the APPN October 16 $65 for $4.10
guess u could say that about the whole mkt.
IBK changes, maybe others will follow
The letter states that
initial margin requirementswill rise
up to 35% from normal levels starting September 28th through
October 23rd. Maintenance margin requirements will increase in a
similar manner between October 5th and October 30th. The updates
will be made each day following the market's close in New York, and
will be effective the next trading day. By regulation, brokers
usually loan their clients 50% of the value of a new position, and
25% to maintain a current position. This will increase gradually to
67.5% for a new position and 33.75% for
I have been watching gold closely for years. I had positions in
GOLD and NEM until recently. I sold them both for good profits. I
had a 10% of portfolio position in GLD, which has been reduced to
3%. I am not a trader. I typically invest for longer terms. I find
breakpointtrades.comto ge a
great guide to both longer term and short term setups. My concern
now is that you could be correct. $GOLD could form an inverse head
and shoulder pattern, Actually i think that is likely. But to do
so, it could take 1 to 2 more years, and we could experience some
more downside while we wait. In the end I think $GOLD goes much
higher. It is simply a question of "sooner or later".
Here's a quick 5 min video I just recorded on the SPY systems,
the KISS daily, and market
Click Here to watch video
PLUG daily watching
$SPX - Chart Link
on Friday's those sometimes may not be updated until Saturday.
If there's major changes I would let you know on Friday, if
nothing is said then assume there were not urgent changes. You can
tell if the chart is updated by looking at the last candle, should
be obvious as you know what the market did that day
GDX nothing more than a small abc bounce off the lows last week
at this time - continue to monitor
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